Monday, November 21, 2011

"Sen. Rand Paul (R-Ky.) said Sunday that the richest 1 percent of Americans are taxed fairly.

"We hear that over and over again, 'The rich are not paying their fair share,'" Paul said in response to a question from ABC's Christiane Amanpour about whether Congress should raise taxes on the rich to reduce the deficit.

"The top 1 percent, the millionaires in our country, pay on average 29 percent of their income," Paul said. "That's what they pay on average. If the average carpenter who makes $50,000 to $75,000 a year pays between 15 and 18 percent. The top 50 percent of wage earners pay 96 percent of the income tax. The rich and the middle class are paying their fair share."